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Global IT Asset Disposition (ITAD) Market Size By Service (Destruction of Data, Remarketing, Value Recovery), By Size of the organization (SMEs and Large-Sized enterprises), By Type (Computers, Mobile Devices), By Geographic Scope and Forecast
” in its research database. Get a Free Sample PDF of this Research Report for more Insights with Table of Content, Research Methodology, and Graphs –
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The primary purpose of this market research is to understand customer needs, preferences, and behaviors. By analyzing this data, businesses can develop effective marketing strategies, improve products or services, and enhance customer satisfaction. Additionally, current market research 2024 helps identify market trends, assess the competitive landscape, and evaluate the potential for new products or services. Browse Complete Report Here-
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IT Asset Disposition (ITAD) Market Size And Forecast
IT Asset Disposition (ITAD) Market size was valued at USD 20.56 Billion in 2021 and is projected to reach USD 40.11 Billion by 2030, growing at a CAGR of 7.72% from 2022 to 2030.
The IT Asset Disposition Market is estimated to show growth during the forecasted period owing to the increasing number of IT system users. Its advantages are boosting this market’s growth. However, the high cost and lack of awareness are the restricting factors of this market. The Global IT Asset Disposition (ITAD) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
IT Asset Disposition (ITAD) Market Definition
IT Asset Disposition (ITAD) is the disposition of unwanted or obsolete equipment in the safest and ecologically responsible manner. ITAD vendors are specialized in this process of streamlining the nature of IT assets. Along with this, they minimize the cost and the recouping of losses. Businesses have a massive replacement cycle of IT equipment. Organizations with wearied old equipment must make regular decisions regarding the equipment, whether to resell, refurbish, recycle, dispose, or remarket the business equipment. IT Asset Disposition is a process that helps eliminate the environmental concerns and legal risks along with the unnecessary cost of repair and replacements. ITAD vendors offer ecological-friendly destruction services such as electronic cycling, data destruction, etc.
IT Asset Disposition (ITAD) Market Overview
The leading vendors focus on product development and new product launches. These are the most significant factors driving the market growth. Furthermore, the launched products are more efficient in terms of energy and provide a good competitive edge in the market. The increasing use of IT systems in small and large enterprises is also a significant factor contributing to this market’s growth. The rising application and increasing number of users of IT systems in emerging countries are propelling the growth of this market. Destruction Data contributes most to the services segment and is expected to continue the trend in the forecasted period.
However, the high cost associated with these services and the lack of awareness about IT asset disposition restricts the growth of this market. The lack of information regarding the procedure is also hampering the development of this market.
IT Asset Disposition (ITAD) Market: Segmentation Analysis
The IT Asset Disposition (ITAD) Market segmentation is based on Service, Size of the organization, Type, and Geography.
IT Asset Disposition (ITAD) Market, By Service
• Destruction of Data• Remarketing• Value Recovery• Reverse Logistics• De-Manufacturing• Recycling• Logistics Management
IT Asset Disposition (ITAD) Market is segmented into Destruction of Data, Remarketing, Value Recovery, Reverse Logistics, De-Manufacturing, Recycling, and Logistics Management based on service. Destruction of Data holds the largest share of this market owing to emerging developments in media sanitization, data storage devices, and the adoption of cryptographic erase methods., China is estimated to show the most significant growth in the data destruction segment due to the adoption of IT systems in this region.
IT Asset Disposition (ITAD) Market, By Size of Organization
• SMEs• Large-Sized Enterprises
IT Asset Disposition (ITAD) Market is segmented into SMEs and Large-Sized enterprises based on the organization’s size. Large Sized Enterprises is expected to show the highest growth in ITAD Market during the forecasted period. The increasing use of IT systems in these organizations is increasing the need to dispose of the equipment. SMEs are also estimated to show significant growth during the forecasted period due to the rising IT systems application in these organizations.
IT Asset Disposition (ITAD) Market, By Type
• Computer• Mobile Devices• Other
IT Asset Disposition (ITAD) Market is segmented into Computers, Mobile Devices, and others based on type. The Computer segment is expected to dominate the market due to the increasing adoption of multi-functional devices and the rising trend of BYOD, which is estimated to increase the demand for ITAD services.
IT Asset Disposition (ITAD) Market, By Geography
• North America• Europe• Asia Pacific• Latin America• Middle-East and Africa
The IT Asset Disposition (ITAD) Market is divided into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa based on geographical analysis. North America is dominating the IT Asset Disposition Market. It is expected to show the highest growth in this market during the forecasted period due to the increasing installation of IT systems, including computers and servers. The rising acceptance of advanced technologies such as cloud computing is also fuelling the growth of this market. Asia Pacific region is expected to show the highest growth, followed by North America due to the growing adoption of advanced technologies. China holds the largest ITAD Market in this region due to the fast-evolving role of IoT.
Key Players
IT Asset Disposition (ITAD) Market is highly fragmented with the presence of a large number of manufacturers globally. A few companies that share the primary market in this domain are IT Renew, IBM Corporation, EOL IT Services, Exit Technologies, Green Tek Teman, Dell, HP, TBS Industries, and Arrow Electronics. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• June 2022 – SL Green Realty Corp., the largest office in Manhattan, announced that they are adopting IBM’s sustainability technology and taking initiatives across its extensive NYC real estate portfolio. With this technology adoption, they will upgrade their company’s environmental and social governance strategy (ESG). SL Green will use software from Envizi, an IBM Company.
• May 2022 – Arrow Electronics introduced its new Data Analytics & Network Innovation Project, also known as DANI Project. This project is improving the lives of the users of wheelchairs and also those who have limited mobility. Arrow launched this project at the ChangeNow summit, held in Paris.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period |
2018-2030 |
| Base Year |
2021 |
| Forecast Period |
2022-2030 |
| Historical Period |
2018-2020 |
| Unit |
Value (USD Billion) |
| Key Companies Profiled |
IT Renew, IBM Corporation, EOL IT Services, Exit Technologies, Green Tek Teman, Dell, HP, TBS Industries, and Arrow Electronics. |
| Segments Covered |
Service, Size of the organization, Type, and Geography. |
| Customization scope |
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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